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Orlando, Fla. (July 08, 2004) --- Digital Ribbon, Inc., a University of Central Florida Technology Incubator firm that helps clients buy and sell computational power through an online network, has entered into a partnership agreement with Tsunamic Technologies, Inc., an Orlando firm that provides on-demand cluster computing services to commercial industry and academic institutions via the Internet.
Eric Weaver, chief executive officer of Digital Ribbon, Inc., said cluster computing services enable small startup companies to tap into enormous computer networks quickly and efficiently.
"One of the most significant costs in scientific research is computational power," said Weaver. "Digital Ribbon and Tsunamic Technologies have developed systems that use Globus to network large arrays of computers to provide enormous computational power in a secure, timely and cost effective manor." said Weaver. "If you could choose between spending $15,000 and have your project completed in one month, or $350,000 plus support and maintenance to finish in three months, what would appeal more to you? New technologies allow such jobs to be effectively outsourced, leveraging core competences and economies of scale for a better generation of solutions."
Weaver said typical Digital Ribbon customers include pharmaceutical companies, Geodesics and university research departments.
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For more information, contact:
Erik Weaver, CEO, Digital Ribbon Inc. 407-210-2112 (www.digitalribbon.com)
Tom O'Neal or Carol Ann Dykes, UCF Technology Incubator, 407.882.0202
Larry Vershel or Beth Payan, LV Communications Inc. 407.644.4142.
Since its founding in 1999, the UCF Technology Incubator has helped more than 70 emerging technology companies create over $140 million in revenue and more than 450 new jobs with an average salary of $59,000. As a result of this success, the UCF Technology Incubator was recently named the 2004 Technology Incubator of the Year by the National Business Incubation Association. Headquartered in Research Park near the University, the Incubator is a true collaboration in economic development between UCF, Orange County , the City of Orlando and the Florida High Tech Corridor Council. For more information, please visit http://www.incubator.ucf.edu
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